VW Group on a cost-cutting drive
The Volkswagen Group (VW) plans to cut costs by 20 percent across all its brands by the end of 2028, a German business paper reported.
- Industry News
- 17 February 2026
The State of the Motor Industry (Somi) event presented the opportunity for Toyota to give more info and show future product offerings planned for the local market.
Leon Theron, TSAM’s Senior Vice President for Sales and Marketing, showcased a number of all-new models.
Leon says Toyota bucked the negative retail trend by ending off the year on 142 612 units, which were not only the highest volume sold since 2007, but it also equalled the company’s best market share on record. Toyota has been the bestselling automotive brand in South Africa for 44 years, it’s also the only manufacturer with representation in just about all segments of the new vehicle market.
Given its topicality, Leon focused on Toyota’s dominance in the New Energy Vehicle (NEV) space:
Toyota’s overall share is 53% and a 22% increase in NEV volume sales over 2022. The Corolla Cross Hybrid makes up the lion’s share of Toyota NEV sales (55%), and on the Lexus side, Lexus NEV volumes accounted for a record 42.5% of total Lexus sales in 2023.
New models revealed at the event:
Some exciting new vehicles from Toyota South Africa Motors’ will soon be ready to roam our roads.
Volkswagen Commercial Vehicles is re-entering the growing urban delivery market with the launch of the Vivo Xpress which will be available for sale from February 2026.
The second generation Volkswagen T-Roc will launch in South Africa during the second half of 2026. The five-seater SUV sits between the Taigo and Tiguan in Volkswagen's T-SUV family.